Publication - Transparency data

Scottish Social Housing Tender Price Index (SSHTPI) quarterly report: December 2023

Information on the Scottish Social Housing Tender Price Index (SSHTPI) and quarterly report for December 2023.

Background

Tender prices for social housing fell 2.0% in 2Q2023/24 compared with the previous quarter and rose 3.6% compared with 2Q2022/23.
Underlying construction costs of labour, materials, and plant, as measured by the BCIS General Building Cost Index, rose 1.8% quarter-on-quarter in 2Q2023/24 and by 2.5% compared with the same quarter a year earlier.
Tender prices are driven as much by demand as by resource costs. The SSHTPI has tended to reflect the trend in demand from the housing sector. Scottish housing output fell 7.0% in 2Q2023/24 and 15% over the past year. Over the same periods total GB housing output fell 2% and 12%.
The latest data for housing starts in Scotland are for 1Q2023/24, when 647 social houses were started, nearly 40% down on the same period a year earlier, Private sector starts were down 23%.
Over the year to 2Q2023/24 underlying inflation, as measured by the Consumer Prices Index (CPI), rose by 6.7%.

Published index base 1985 = 100

Source: Scottish Government

Note: The quarterly index is a smoothed, trimmed geometric mean of the normalised project index (see note on calculation).

Calendar quarter 3Q2023, Financial quarter 2Q2023/24, Publication quarter 4Q2023

Location Code	Location	Index Value	Sample Size	Status
M	Mainland	100	309	Provisional
MA	Scottish Borders	104	6	Provisional
MB	Clackmannanshire, Stirling, Falkirk	109	15	Provisional
MC	Dumfries and Galloway	124	9	Provisional
MD	Fife	98	25	Provisional
ME	Aberdeenshire and Moray	107	41	Provisional
MF	Aberdeen City	73	7	Provisional
MG	Highland	117	24	Provisional
MH	West Coast	96	12	Provisional
MJ	City of Edinburgh	108	8	Provisional
MK	Lothian	95	39	Provisional
ML	City of Glasgow	69	18	Provisional
MM	Ayrshire	99	15	Provisional
MN	Glasgow Environs	92	40	Provisional
MP	South Lanarkshire	86	12	Provisional
MQ	Dundee City	109	12	Provisional
MR	Angus, Perth and Kinross	97	26	Provisional
Z	Island	116	20	Provisional
ZA	Orkney Islands	111	6	Provisional
ZB	Shetland Islands	132	8	Provisional
ZC	North Ayrshire (island)	N/A	N/A	N/A
ZD	Highland West (island)	N/A	N/A	N/A
ZE	Argyll and Bute (islands)	N/A	N/A	N/A
ZF	Western Isles	N/A	N/A	N/A

N/A denotes insufficient sample size.

Note: the location indices are calculated over 15 quarters and are based on the Scottish mean = 100 (See note on calculation).

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